Inflation Is Breaking Europe’s Pandemic Consensus
With the COVID-19 shock behind them, the economic policies of EU states like Italy and Germany are diverging again.
Post-pandemic economic growth in the European Union has gotten off to a solid start, with most of the bloc’s macroeconomic indicators having returned to pre-pandemic levels. But the recovery is threatened by inflationary pressure, mainly driven by rising energy prices, which shows no signs of abating – especially in light of the crisis in Ukraine. […]